Abstract
Considering the long-term constructions, it is important to correctly define the project costs as well as profit/loss and relate these data with the corresponding period. There are two methods used in the accounting of long-term constructions: first one is the completed percentage method that has been used for years. The completion of whole or majority of the construction is mandatory in this method to evaluate profit/loss, revenue and costs. The second method is completion percentage technique that is also proposed by Turkish accounting standards TMS11. This method is based on periodicity where the start and finish times are involved in different time periods. Since the revenue and costs are distributed depending on the completion percentage, more trustworthy statements are formed. Therefore this paper includes the introduction of general information on construction, investigation of records with two methods and comparison
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
